Ecommerce Industry News
Facebook allows users to pay for products and services using its digital wallet, and now it’s expanding Facebook Pay beyond its own platform and into the stores of online merchants, beginning with Shopify. Facebook lets […]
BigCommerce launched a suite of multi-currency features to help merchants “natively” present, transact and settle in more than 100 currencies, stating that it strengthens the ability to sell cross-border to shoppers around the globe. The […]
Square is imposing new fees for merchants who transfer funds to their bank account, it announced on Tuesday. Beginning on February 7, 2020, the rate for instant and same-day transfers from a Square balance to […]
PayPal expanded its international reach through a new agreement with MercadoLibre, one of the largest online commerce and payments ecosystems in Latin America. PayPal CEO Dan Schulman made the announcement in a post on LinkedIn […]
Departing PayPal executive Bill Ready confirmed via Twitter he’s heading to Google as its new President of Commerce. Indications of what this means for Google can be found on his LinkedIn bio, where he states […]
PayPal acquired a 70% stake in Chinese company Gopay, becoming the first foreign company to acquire a payments license in China, according to the Financial Times. The UK newspaper said China’s online payments market is […]
Amazon is making it easier to buy with cash with the launch of Amazon PayCode in the US today. Customers who pay using Amazon PayCode have 24 hours after their order is placed to provide […]
A warning for sellers: if you have or are expecting Money Orders from Canadian customers, you have until August 30th to cash them. The same is true in reverse for Canadian sellers dealing with US […]
In a recent blog post marking 25 years of ecommerce, Visa noted that the first ecommerce payment was made on the Visa network on August 11, 1994. A lot has changed since then, but fraud […]
The Federal Reserve Board announced a plan on Monday to develop a new round-the-clock, real-time payment and settlement service to support faster payments, called the FedNow Service. Possible winners: tech companies and small banks; possible […]